Revolving Credit

Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations. They were first introduced by the Strawbridge and Clothier Department Store.
Posts about Revolving Credit
  • Twitter Raises $1.8 Billion After Strong Demand for Notes

    … Twitter has raised $1.8 billion in the convertible notes offering it announced last week, slightly more than the $1.5 billion we reported on Friday, after higher than anticipated demand. In the official filing, Twitter states that $900 million has been raised in five-year notes due 2019 at an interest rate of 0.25 percent per year, and $900…

    Shea Bennett/ AllTwitterin Social Twitter- 1 readers -
  • Twitter Eyes $1.5 Billion Debt Offering

    … increase to $1.5 billion overall if the banks involved exercise an overallotment option which allows underwriters to issue more bonds than originally planned – in this case, two additional $100m pieces. The company is expected to invest the capital in acquisitions and expansion. Twitter has an existing $1 billion of revolving credit which it implemented ahead of its IPO last year. (Source: Bloomberg. Twitter image via Shutterstock.) …

    Shea Bennett/ AllTwitterin Social Twitter- 4 readers -
Get the top posts daily into your mailbox!